Money and business

“Across the Gulf” obtains facilities worth 135 million riyals from “Saudi Fransi”


Today, Trans Gulf Marketing Company obtained banking facilities compatible with the provisions of Islamic Sharia from Banque Saudi Fransi.

The company said in a statement on its website "Saudi Arabia trading"The value of the financing is 135 million riyals, while the duration of the financing is one calendar year.

She added that the guarantees provided in exchange for the financing: a promissory note, in addition to a company guarantee and a personal guarantee.

She stated that the purpose of the facilities is: financing working capital.

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